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2022 Audited Town of Hampton, NH Comprehensive Annual Financial Report (CAFR)

It is no longer the standard of the Hampton Board of Selectmen to discuss this required annual reporting. Below is some information regarding the 2022 Town of Hampton financial position inspired by a great fellow patriot and his recent substack article.

Please take this information into consideration if you are voting in a local NH town election in the upcoming weeks. Get the information for your municipality. It is the tendency for local level governments to chant that they have no financial stability. In my view most likely, that is NOT THE CASE.

All below financial information has been compiled using the Plodzik & Sanderson Independent Audit Report as of December 31, 2022, for the Town of Hampton, NH.

Total Assets - $70,225,000, which includes cash of $35,500,000 and investments of $25,200,000.

The balance of Governmental funds - $48,556,000

Long-term liabilities - $69,100,000, which includes bonds and notes of $30,700,000, unfunded pension liabilities of $28,500,000, and Other Post Employment Benefits (OPEB) of $6,900,000. NOTES: (1) There was $5,900,000 in additions to the unfunded pension liability in 2022. (2) The state of NH used to make a significant contribution to this expense for NH cities and towns, that is no longer the case.

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